In this brief clip above from The Macro Show this morning, Hedgeye Internet analyst Hesham Shaaban updated his long thesis on shares of Pandora (P).
A couple noteworthy highlights from his update:
- He walked away from Pandora’s analyst day much more constructive than he was prior
- While Wall Street has soured on Pandora’s fundamentals, Shaaban believes the story is going to meaningfully inflect throughout 2017
- Pandora shares have come down from the low 20s as recently as late 2015, to around $10 a share currently. Shabaan thinks the stock could return to the high teens, possibly low 20s by the end of 2017
You can follow Hesham Shaaban on Twitter @HedgeyeInternet
